YassetG
New Member

Get your taxes done using TurboTax

Hello @austinj_baker 

 

Self Employment tax has an average of 25 to 30% of the income.

The income is after your business expenses:

Income earned - Expenses (for the line of work) = Taxable income.

 

Please refer to these links for more detailed information form the IRS and your State.

https://www.irs.gov/businesses/small-businesses-self-employed/income-tax-withholding-assistant-for-e...

 

https://dor.mo.gov/forms/index.php?formName=withholding+tax+table+-+all&category=&year=&searchForms=...